Bigger Than Near Protocol (NEAR)? Here’s why experts are forecasting this new AI-based token to surge 1200% in 2024
● Algotech (ALGT) merges AI and blockchain for trading, drawing optimistic predictions.
● AI boosts security, speed, and trading efficiency, favoring Algotech’s approach.
● NEAR Protocol (NEAR) concentrates on dApps, while Algotech focuses on AI-driven trading, catering to distinct crypto niches.
The market for cryptocurrencies is driven by innovation. New projects with innovative concepts are continuously emerging, while long-standing players like NEAR Protocol (NEAR) continue to contribute to the crypto landscape. Experts in the cryptocurrency space are taking notice of a new platform called Algotech (ALGT), a project that may soar to 1200% in 2024. Let’s examine possible factors that led to this audacious forecast and why ALGT has the potential to be a game-changer in the cryptocurrency industry.
What you'll learn 👉
The rise of AI in crypto
Artificial intelligence has risen to be a dominant technology for modern-day infrastructure, transforming how industries operate and what is now obtainable. The cryptocurrency market is not exempted from this massive AI revolution.
Crypto projects are beginning to adopt AI projects for functionalities like enhanced security. AI’s stack of algorithms can have high alert detectors that can easily spot and prevent fraudulent transactions, increasing the security of the overall network.
Artificial intelligence can also analyze vast amounts of data to identify profitable trading opportunities within the crypto market and provide useful information-informed trading decisions.
The application of AI also solves congestion and transaction speed issues that many blockchains suffer from. Overall, AI’s advantages in optimizing the average crypto project exceed those of projects without it.
Algotech (ALGT): A fusion of AI and blockchain
Algotech positions itself at the forefront of AI-powered algorithmic trading in the crypto space. ALGT serves as the fuel that powers Algotech’s ecosystem.
ALGT holders can access sophisticated AI-powered trading tools to automate strategies that could yield higher profit potentials.
Algotech also uses AI to manage smart portfolios. AI can analyze market pulse and recommend optimal portfolio allocations tailored to the varied risk appetites of traders and their investment goals.
Algotech democratizes access to high-end trading instruments by facilitating a marketplace where developers may create and distribute AI-driven trading algorithms.
Why are experts bullish on Algotech?
Although not proven yet, ALGT may run a deflationary tokenomics model, meaning the total supply of ALGT tokens will decrease over time. Scarcity can drive up the token’s price as demand remains constant or increases.
Analysts also highlight Algotech’s early mover advantage in the AI-powered algorithmic trading space. Being this early, providing the height of technology it hopes to saturate the market with, analysts believe Algotech can capitalize on the growing demand for AI-powered solutions.
The AI-driven approach adopted by Algotech can disrupt and displace established trading practices and attract both institutional and retail investors looking for a competitive advantage.
A look at the NEAR Protocol
NEAR Protocol is a well-known Layer 1 blockchain with a developer-friendly atmosphere and scalability. Despite its rapid expansion, NEAR ‘SNEAR’s primary objective is still to serve as a platform for decentralized apps (dApps), not AI integration.
ALGT isn’t a direct competitor to NEAR. One offers a platform for building decentralized applications, including those that AI could power. The other is a decentralized crypto algorithmic trading platform that leverages AI to automate strategies for optimized trading.
To learn more about Algotech, visit the Algotech presale website or join the Algotech community.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
